Skip to main content

About your Search

20130113
20130121
Search Results 0 to 2 of about 3 (some duplicates have been removed)
and the mini cliffs that we're going to encounter. the debt ceiling cliff, the southwe sequestration cliff and the budget battle. does it stand in the way of what could be happening in the country? >> it stands in the way in two ways. if you're a company that does business with the defense department, if you're watching this sequestration madness. our the debt ceiling madness, are you going to be hiring new people? are you going to be expanding production? no, you're going to be wondering, is the defense department budget cut by 20%, 10%? so there is that -- >> you will hesitate to make certain business decisions, particularly hiring decisions? >> exactly. republicans often talk about how uncertainty makes businesses not expand production. well this is the biggest uncertainty is the craziness over the debt ceiling. and the second biggest is on the sequestration. there's that piece of it. but there's the broader piece that you and i have talked about. which is we need to do more than just have a cyclical upturn. what you were describing very elegantly. exactly right, is that there's a cycli
identify two distinct issues we have to deal with. you said of the upcoming debt ceiling showdown, the president wants an automatic credit card and he's not going to get one from the congress. i like to point out, i understand why that analogy has been made and in the past i have made it myself, but i sort of decided that i don't like it anymore because the debt limit's different from a credit card in that with a with regard you charge items when you purchase them with the intent, the agreement to pay that. the debt limit is not actually a license to spend but to pay bills. a bit of an anachronism. only denmark has it elsewhere in the world. it forces a discussion on spending cut but it's not what the debt limit is for. >> your explanations have been right on target. let me tell you what i would wish the president would do. i hope the president's successful, because as a country if he's successful, we'll be successful. but he's got to begin to negotiate with the house and the senate to find a path forward on spending less and borrowing less or we're going to be on an unsustainable
Search Results 0 to 2 of about 3 (some duplicates have been removed)